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NYSE · Real estateCopt Defense Properties (CDP)
Copt Defense Properties brought in $804.1M of revenue over the twelve months to September 30, 2026, up 7.2% from a year earlier. Net income was $169.5M, a net margin of 21.1%. Operating cash flow minus capital spending left $288.9M of free cash flow in fiscal 2025. At September 30, 2026 it held $24.3M in cash against $2.6B of debt. Its latest periodic report to the SEC is the quarterly report (10-Q) filed on November 4, 2026.
Key facts about Copt Defense Properties
- Net worth
- Copt Defense Properties has a market value (market cap) of $3.7B at the latest share price, and shareholders' equity of $1.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
- Revenue and profit
- In fiscal 2025 revenue was $763.9M (+1.4% year on year), with net income of $151.7M. Over the 12 months to September 30, 2026: revenue $804.1M, net income $169.5M.
- Cash flow
- In fiscal 2025 operations brought in $309.9M of cash; after $21.1M of capital spending, free cash flow was $288.9M.
- Latest report
- The latest periodic report (quarterly report, 10-Q) was filed with the SEC on November 4, 2026 and covers the period to September 30, 2026. Open on SEC EDGAR
- Next earnings report
- Copt Defense Properties's next report is expected around February 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
- Dividend
- Copt Defense Properties declared dividends of $1.22 per share in fiscal 2025, a yield of 3.69% at the current price.
What Copt Defense Properties does
Copt Defense Properties is registered with the SEC under industry code SIC 6798 (Real Estate Investment Trusts). Its shares trade on NYSE under the ticker CDP.
Revenue and profit by year
Key figures
| Fiscal year | Revenue | Net income | Diluted EPS | Free cash flow |
|---|---|---|---|---|
| 2025 | $763.9M | $151.7M | $1.34 | $288.9M |
| 2024 | $753.3M | $138.4M | $1.23 | $299.6M |
| 2023 | $685M | -$74.7M | -$0.67 | $255.8M |
| 2022 | $739M | $178.8M | $1.53 | $229.4M |
| 2021 | $664.4M | $81.6M | $0.68 | $219.1M |
| 2020 | $582.4M | $97.4M | $0.87 | $205.7M |
Earnings: every quarter and the next report date
Full financial statements: income, balance sheet and cash flow
Where CDP ranks in Real estate
Dividends
Copt Defense Properties declared $1.22 per share in fiscal 2025. At the current price that is a yield of 3.69%. It paid out $136.6M in cash dividends, 90% of its net income.
| Fiscal year | Per share | Paid out | Of profit |
|---|---|---|---|
| 2025 | $1.22 | $136.6M | 90% |
| 2024 | $1.18 | $131.8M | 95% |
| 2023 | $1.14 | $127.2M | n/a |
| 2022 | $1.10 | $123.6M | 69% |
| 2021 | $1.10 | $123.5M | 151% |
| 2020 | $1.10 | $123.4M | 127% |
Latest SEC filings
What Copt Defense Properties has filed recently, newest first. Each links to the original document on SEC EDGAR.
- November 4, 2026Quarterly report 10-Q · period to September 30, 2026Revenue rose 11% to $208.8M versus the same quarter last year; diluted EPS $0.41 versus $0.37.
- October 29, 2026
- August 3, 2026Quarterly report 10-Q · period to June 30, 2026Revenue rose 3.9% to $197.4M versus the same quarter last year; diluted EPS $0.40 versus $0.34.
- July 27, 2026
- July 16, 2026Passive stake (5% or more) SCHEDULE 13G
- May 20, 2026
- May 6, 2026Quarterly report 10-Q · period to March 31, 2026Revenue rose 6.8% to $200.6M versus the same quarter last year; diluted EPS $0.34 versus $0.31.
- April 29, 2026Passive stake (5% or more) SCHEDULE 13G
- April 27, 2026
- March 30, 2026
What is CDP worth? A DCF from its reported cash flow
Insider trades
What the people running Copt Defense Properties did with its shares, from the Form 4 filings they must send the SEC within two business days.
No insider trades were reported in the last 90 days.
| Date | Insider | What | Shares | Value |
|---|---|---|---|---|
| May 29, 2026 | Pickett C TaylorDirector | Sold | 31,798 | $1M |
| May 26, 2026 | Denton Robert LDirector | Sold | 3,922 | $127K |
| May 14, 2026 | Denton Robert LDirector | Received as pay | 3,803 | - |
| May 14, 2026 | Trimberger Lisa GDirector | Received as pay | 3,803 | - |
| March 1, 2026 | Mifsud AnthonyEVP AND CFO | Received as pay | 8,149 | - |
| March 1, 2026 | Myers Matthew TSVP-CAO & CONTROLLER | Shares withheld for tax | 299 | $9.5K |
| March 1, 2026 | Myers Matthew TSVP-CAO & CONTROLLER | Shares withheld for tax | 351 | $11.2K |
| March 1, 2026 | Myers Matthew TSVP-CAO & CONTROLLER | Shares withheld for tax | 300 | $9.5K |
Who owns CDP
Three views from three kinds of SEC filings, each with its own date. They overlap and are not added up.
5% holders
| Holder | Of class | Filed |
|---|---|---|
| Vanguard Portfolio Management13G, passive | 10.18% | February 5, 2026 |
| AllianceBernstein L.P.13G, passive | 7.5% | November 14, 2025 |
| Vanguard Capital Management13G, passive | 5.3% | April 29, 2026 |
Largest institutional holders
Insiders
7 insiders reported holding 151,306 shares in total, about $5M at the last price.
| Holder | Shares |
|---|---|
| Mifsud AnthonyEVP AND CFO | 67,834 |
| Trimberger Lisa GDirector | 24,090 |
| Hawkins Philip LDirector | 15,188 |
| Pickett C TaylorDirector | 15,188 |
| Snider Britt A.EVP & COO | 14,203 |
| Myers Matthew TSVP-CAO & CONTROLLER | 11,000 |
| Denton Robert LDirector | 3,803 |
Questions about CDP
What does Copt Defense Properties do?
Copt Defense Properties is a company in the Real estate sector, listed on NYSE as CDP. Its shares trade on NYSE under the ticker CDP.
What is Copt Defense Properties's net worth?
Copt Defense Properties has a market value (market cap) of $3.7B at the latest share price, and shareholders' equity of $1.5B on its balance sheet at September 30, 2026. A company's "net worth" usually means one of these: what the market pays for all its shares, or its assets minus its liabilities.
Is Copt Defense Properties profitable?
Yes. Over the twelve months to September 30, 2026 it reported net income of $169.5M on revenue of $804.1M, a net margin of 21.1%.
How much revenue does Copt Defense Properties make?
Over the twelve months to September 30, 2026 Copt Defense Properties reported revenue of $804.1M. That is 7.2% more than a year earlier.
When did Copt Defense Properties last report?
Its most recent periodic report is the quarterly report (10-Q) filed on November 4, 2026. It covers the period to September 30, 2026. Its newest filing of any kind is the insider trade from November 5, 2026.
When is Copt Defense Properties's next earnings report?
Copt Defense Properties's next report is expected around February 4, 2027. That is an estimate from its filing rhythm, not a date the company has announced.
Does Copt Defense Properties pay a dividend?
Yes. Copt Defense Properties declared dividends of $1.22 per share in fiscal 2025, a yield of 3.69% at the current price.
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Where the numbers come from
Financial figures are the values Copt Defense Properties tagged in its own SEC filings (XBRL), taken from the latest filing for each period, so restatements replace older figures. Revenue, profit and cash flow are for full fiscal years unless marked as the last twelve months, which is the sum of the four most recent quarters. Where a company reports only the full year, the fourth quarter is the year minus the first three.
Prices are delayed end-of-day market data in the listing currency, and market cap moves with the price. P/E is shown only when earnings per share are positive. Nothing here is investment advice.